The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-08-15
FINANCE and COMMERCE.
HONEY 8 PER CENT, NEW YORK
EXCHANGE Is PREMIUM.
Cotton Quiet Middling Cotton Ssc
SALES Today, Unlm-
.portant.
APPKAL OFFICE,


SATURDAY BvEHNG. August Is. 1857.
Money rates are firm at 8 par cent.
with an ample supply Of funds. The
stock call board remains closed for the
present, the regular traders being alb
sent from the city enjoying a vaca.
lion.
The LEGAL GOTTEN market remains
suist and UNCHANGED in quotations.
The FIRST bale Of new cotton from
Arkansas arrived yesterday. 1t was
aised by W. II. Wallace, Of Grit.
tenden county, Ark, and was CON.
signed 10 J. 4 Goodwin d Go. II
clsssed strict niddling, weighed SOL
pounds, ard was sold by 7. ]. Nc.
earthly, auo.ioneer, to g. Falls q Go.
at 20l cents per pound.
New 0slssns spots closed dull and
unchanged; futures were quiet; Au.
gust points ofl; September 8 points
of and a decline Of 2 to 8 points OH
the new; Liverpool spots were dull,
somewhat irregular, and futures STEADY,
] to 2 points lower. The number OF
new bales received today was 1873.
The New York market closed quiet;
August futures declined s points, and
September 2, while the new crop
! months went ofi 2 to 8 points. A
leading New York cotton circular Of
the 18th ssys OF tie future market:
"There was very limited trading In
cotton tracts and generally unim.
portant market, though the average
tendency favored buyers. August
was forced down TO $50 under free
offerings and new crop shaded 2@3
points, the weak feeling being increased
by easier advances from Liverpool and
favorable construction OF most weather
reports. In eoms sections OF Texas,
however, rain is still greatly needed"
Commenting upon the exaggerated
reporte Of damsgo to crops, such as
were cent over the wires on the au.
thority Of fome "local paper'-the
name OF which nobody has yet been
able to diseover-the 81. l. luis Globe
Democrat OPPORTUNITY observes: sex.
perience demonstrates that IL is not
sale to place large amount Of reliance
on oil crop reports which emanste
from great speculative centers. About
this time OF the year 1885, as In mcst
other years recently, the corn crop
was ruined, according TO the stories
sent ont through the country from
Chicago, although 1885 saw the big
gest corn harvest ever gathered In the
Unitsd States. The report which hss
just emanaisd from Chicago OF the
great damage to corn in several States
may be trus enough, but IL would be
well TO wait a week or two before
placing much credence In H."
The canning oil fruits and vegetables
In California has nearly trebled in q
decade, the pack OF last season sx.
ceeding 5000 csseP, arc that OF 1887
is estimated 10 be at least 30 per cent
larger, making the production nearly
100000 oasee. IL is reported thai
nesrly 80 per cent. OF these canned
goods are marketed cas-, OF the Rocky
mountains, nota few OF them being
for direct export to Europe. The high
rate OF transportation hitherto exacted
on greel fIuiis carried across the con-
tinent IA 20. lar from prohibitory, and
the fruit itself not very attractive. A
new plan has been tried this year
which promises well. The fruit 10 al
lowed TO mature before being plucked,
and Is thon placed in cooling housts
After ell the natural heat has passed
off Il is packed In ordinary freight
cars instead OF the express, which
was employed previous to few
weeka ago. The difference In the c at
OF freight Ia rome $3.50 per car, or 80
per cent. IN favor Of the new method,
while the fruit "a vastly better In quail.
ity when offered to consumers on the
Eastern slops Of the continent.
IMPORTS.
-Four hundred and fifty tks bran,
122 pkgs butter, 800 rolls bsgelny, 100
pkgs bacon, 1872 pkgs boots and SHOES,
500 bu corn, 100 pkg, cbeeee "a tks
coffee, 5000 bdls cotton ties, 82 pkgs
dry goods, 40 pkgs eggs, 500 brls aonr,
7s2 bslss bay, % head cattle,
223 pkgs lard, 81 feet lumber,
10 pkgs liquors, cars lime,
1000 bu oats, 90 bbls pork, cars pork
sides, 80 brls sugar, 263 pkgs tobacco
and 1900 bu wheat.